Pfizer Earnings Preview
Portfolio Pulse from Benzinga Insights
Pfizer (NYSE:PFE) is set to release its quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $-0.32. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price the following day. Pfizer's shares are currently trading at $30.11, down 36.74% over the last 52-week period.
October 30, 2023 | 2:01 pm
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NEGATIVE IMPACT
Pfizer is expected to report a negative EPS of $-0.32. Despite typically beating EPS estimates, the company's share price has historically dropped post-announcement. The stock is down 36.74% over the past year.
Pfizer's historical trend of beating EPS estimates but experiencing a drop in share price the following day, combined with a significant year-long decline in share price, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100